It's here: www.telstrasuper.com.au/information-hub/calculators/retirement-lifestyle-planner Here is our how-to guide: www.superguide.com.au/retirement-planning/telstrasuper-retirement-lifestyle-planner
Sorry Joe - Links are here: How to use the TelstraSuper Retirement lifestyle planner www.superguide.com.au/retirement-planning/telstrasuper-retirement-lifestyle-planner How to use the Moneysmart Super contributions optimiser www.superguide.com.au/how-super-works/how-to-use-the-moneysmart-super-contributions-optimiser
The planner is rubbish. If I input $1m as a high growth investment asset the planner shows a 6.7% change in value over 10 years (not yearly!) I understand this is not counting inflation but the sharemarket has returned a 7%/year return after inflation over the long term, over 10 years $1m should be around $2m, not $1,067,010! I just tried $1m in super and $1m investments with high growth and after 20 years that $2m has only turned into $3m. No withdrawals during that time just 'high growth' returns. The pessimist in me thinks that underestimating returns is planned to incite fear in people so they unnecessarily put more money into super to generate more fees.
Much appreciated, for all that you do. Nice and easy.
Thanks Michael - we appreciate your kind words.
I am interested in the projection tool. Is it possible to share at all?
It's here: www.telstrasuper.com.au/information-hub/calculators/retirement-lifestyle-planner
Here is our how-to guide: www.superguide.com.au/retirement-planning/telstrasuper-retirement-lifestyle-planner
No links in the description
Sorry Joe - Links are here:
How to use the TelstraSuper Retirement lifestyle planner
www.superguide.com.au/retirement-planning/telstrasuper-retirement-lifestyle-planner
How to use the Moneysmart Super contributions optimiser
www.superguide.com.au/how-super-works/how-to-use-the-moneysmart-super-contributions-optimiser
Thank you
The planner is rubbish. If I input $1m as a high growth investment asset the planner shows a 6.7% change in value over 10 years (not yearly!) I understand this is not counting inflation but the sharemarket has returned a 7%/year return after inflation over the long term, over 10 years $1m should be around $2m, not $1,067,010!
I just tried $1m in super and $1m investments with high growth and after 20 years that $2m has only turned into $3m. No withdrawals during that time just 'high growth' returns.
The pessimist in me thinks that underestimating returns is planned to incite fear in people so they unnecessarily put more money into super to generate more fees.